In Great Britain, the construction industry output volume in non-seasonally adjusted, constant (2005) prices, is estimated to have decreased 9.8 percent in November 2012, compared to the same month of 2011, according to a report released by the UK-based Office for National Statistics (ONS).
In particular, comparing the three months from September to November 2012 with the same period one year earlier, the volume of construction output decreased by 9.1 percent, while new work decreased by 11.2 percent and new public housing decreased by 19.5 percent.
Commenting on the figures, UK-based Construction Products Association's (CPA) economics director Noble Francis said, "With new orders for construction falling significantly at the end of last year, 2013 is going to be a difficult year for the construction industry with output forecast to fall 2.2 percent. As the construction industry accounts for nearly nine percent of GDP, this contraction will be a major constraint on growth in the wider economy over the year ahead."
